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Sunmed To Acquire Avanos Medical’S Respiratory Health Business

PRIVATEJun 08, 2023

Acquiring Company

SunMed

Acquired Company

Avanos Medical

AlpharettaManufacturingHealth CareMedicalMedical DeviceManufacturingBiotechnologyHealth CareMedicalMedical DeviceHealth Diagnostics

Description

SunMed, a leading North American manufacturer and distributor of consumable medical devices for anesthesia and respiratory care, today announced it has entered into a definitive agreement with Avanos Medical, Inc. (NYSE: AVNS) (“Avanos”), under which SunMed will acquire Avanos’ respiratory health business, including the BALLARD*, MICROCUFF* and endOclear® product lines. This combination further expands the breadth of SunMed’s leading product offering, providing customers with a one-stop source for the most trusted and highest-quality brands in anesthesia and respiratory care, which support the best outcomes for patients.

Quick answer

SunMed is acquiring Avanos Medical, announced June 8, 2023.

How much did SunMed pay for Avanos Medical?
The deal value was not disclosed.
What does SunMed do?
SunMed, headquartered in Grand Rapids, Michigan with manufacturing and distribution sites in the United States, Mexico, China and Europe, is a leading medical device manufacturer, offering one of the most comprehensive..
Where are SunMed and Avanos Medical based?
Avanos Medical is based in Alpharetta, Georgia, United States.

Source: Fundz verified event record.

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Company Information

Company

SunMed

About

SunMed, headquartered in Grand Rapids, Michigan with manufacturing and distribution sites in the United States, Mexico, China and Europe, is a leading medical device manufacturer, offering one of the most comprehensive portfolios of consumable anesthesia and respiratory care products. SunMed’s product portfolio spans the continuum of care from first responders to hospitals and home care, with safety, patient comfort and clinical performance in mind. SunMed’s comprehensive portfolio of trusted anesthesia products and respiratory care include premier brands such as Salter Labs®, Ethox Medical™, Ventlab™, Westmed™, Airlife™ and Vital Signs™. Currently, SunMed has over 1 million square feet of manufacturing space, providing comprehensive expertise in all plastics materials and conversion—supported by a world-class Quality Management System. Frazier Healthcare Partners, a leading healthcare investment firm, acquired a majority ownership stake in SunMed in 2021.

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Frequently asked

Who acquired Avanos Medical?

Avanos Medical was acquired by SunMed. The deal was reported on June 8, 2023. SunMed is privately held and operates in Manufacturing.

When did SunMed acquire Avanos Medical?

SunMed's acquisition of Avanos Medical was reported on June 8, 2023. SunMed, a leading North American manufacturer and distributor of consumable medical devices for anesthesia and respiratory care, today announced it has entered into a definitive agreement with Avanos Medical, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Avanos Medical do?

Avanos Medical, Inc. is a medical technology company based in Alpharetta, Georgia, focused on creating clinically superior medical device solutions to enable patients to return to their daily lives. It is privately held, operating in Manufacturing, and is based in Alpharetta.

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